In a recent development within the ongoing legal battle between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC), Ripple has formally requested the U.S. Court of Appeals for the Second Circuit to set a due date of April 16, 2025, for the submission of its appeal brief. The request, detailed in a letter dated January 23, 2025, was submitted by Michael K. Kellogg, Ripple’s legal counsel. This request encompasses the cross-appeal in the SEC v. Ripple Labs Inc. case Nos. 24-2648 and 24-2705. The document indicates that Ripple’s CEO, Brad Garlinghouse, and Executive Chairman, Chris Larsen, have joined the request. The additional time is sought under Rule 31.2(a)(1)(B) of the Second Circuit, which permits parties to propose specific deadlines for briefs, provided they adhere to court policies. Community Reactions The news of Ripple’s filing sparked significant discussion within the cryptocurrency community, particularly on social media platforms such as X. Prominent cryptocurrency commentator JackTheRippler broke the news with a post stating , “BREAKING: @Ripple requests a due date of April 16, 2025, for its brief! XRP.” BREAKING: @Ripple requests a due date of April 16, 2025, for its brief! #XRP pic.twitter.com/UZc2YNFk7J — JackTheRippler © (@RippleXrpie) January 24, 2025 This announcement drew mixed reactions from XRP enthusiasts and the broader crypto community. A user named Bryan Jenerette commented , “I thought it would have been dropped yesterday with the announcement that the USA will be the crypto capital of the world, and they are an American company???” His sentiment reflected confusion about the delay in Ripple’s filing strategy, especially given recent positive developments for cryptocurrency regulation in the United States. Conversely, another user, AleXRP, expressed frustration, stating , “It’s disgusting to see @Ripple asking THAT MUCH TIME, after making us wait for more than 4 years!!! Do u want us to become crazy? Can you make some efforts to end this shit fast? Are we going to miss another bullrun? Really?” This response underscores the impatience of some XRP holders, who eagerly anticipate a resolution to the prolonged legal battle. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Implications for the Case Ripple’s request for an extended deadline is likely part of a calculated legal strategy. The case complexity, which has far-reaching implications for digital assets classification in the United States, necessitates thorough preparation. However, the April 2025 timeline also highlights the possibility of additional delays in concluding the case, a prospect that has caused concern among investors and industry stakeholders. While Ripple secured a partial victory in 2023 when a federal court ruled that XRP sales to retail investors did not constitute securities transactions, the SEC has appealed other aspects of the decision. Ripple’s cross-appeal suggests that it aims to challenge the ruling on institutional XRP sales, which were deemed to fall under securities laws. The extended timeline for the briefing process will likely affect the overall timeline for the case. A final resolution may not be reached until 2026 or later, barring any unexpected developments. As such, the community’s attention remains divided between hope for a favorable outcome and frustration over the drawn-out proceedings. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple Makes Fresh Request In SEC Case Appeal appeared first on Times Tabloid .
